Brokerages Set Acreage Holdings Inc (OTCMKTS:ACRGF) PT at $16.67

Acreage Holdings Inc (OTCMKTS:ACRGF) has been given a consensus recommendation of “Buy” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $16.67.

A number of equities research analysts have recently weighed in on ACRGF shares. MKM Partners started coverage on Acreage in a research note on Friday, September 20th. They set a “buy” rating and a $17.00 price target on the stock. LADENBURG THALM/SH SH started coverage on Acreage in a research note on Wednesday, July 17th. They set a “buy” rating and a $18.00 price target on the stock. Alliance Global Partners started coverage on Acreage in a research note on Thursday, September 19th. They set a “buy” rating and a $15.00 price target on the stock. Finally, Cowen started coverage on Acreage in a research note on Friday, September 13th. They set a “market perform” rating on the stock.

Acreage stock traded down $0.11 during trading hours on Tuesday, reaching $5.97. The stock had a trading volume of 130,286 shares, compared to its average volume of 198,019. The business’s 50 day moving average price is $7.57 and its 200-day moving average price is $14.51. Acreage has a 52 week low of $5.70 and a 52 week high of $30.00.

About Acreage

Acreage Holdings, Inc engages in owning and operating cannabis licenses and assets in the U.S. with respect to the number of states with cannabis related licenses. It focuses on the cultivation, processing, and distribution operations. The company was founded by Kevin P. Murphy on July 12, 1989 and is headquartered in New York, NY.

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Analyst Recommendations for Acreage (OTCMKTS:ACRGF)

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